Elegant Hotels Share Discussion Threads

[lbo] 16/7/2018 09:12

https://www.lonelyplanet.com/news/2018/07/13/barbados-three-tourism-taxes/

[lbo] 13/6/2018 12:56

https://barbadostoday.bb/2018/06/12/budget-could-adversely-impact-tourism-sector-warns-ernst-young/

[lbo] 04/6/2018 13:09

Barbados launches "emergency plan" to tackle massive debt

[salchow] 15/5/2018 09:49

I don't hold anymore but results clearly in line with what was anticipated hence the lack of movement in price. No doubt another poster who I filter will have plenty of negative comments before long.

[mortimer7] 15/5/2018 09:38

Profitaker, as you'd expect with accounting there is more than one option for disclosing property valuation. In essence they are:

1/ Cost basis - show an asset at cost less accumulated depreciation/impairments.

2/ Revaluation basis - show an asset at its fair value at the revaluation date less subsequent accumulated depreciation impairment.

Elegant Hotels are using cost basis, hence the property assets on the B/S are less than the CBRE valuation.

[profitaker] 15/5/2018 09:13

Can anyone explain why "The Group's property portfolio was recently valued by CBRE at $249.5 million as at 1 January 2018" and yet on the balance sheet (31st March 2018) Property, plant and equipment is stated as $185.3 million ?

[stemis] 15/5/2018 09:02

Yes solid results and no signs of the cataclysm that have sometimes been implied on here. Up to date valuation will supports bank debt. Daily rates, revenue per room and occupancy up slightly. Slight hit to profitability from higher costs. Full year forecast remains.

[mortimer7] 15/5/2018 08:51

A few points from todays results highlighting the comfortable progress being made:-

The high end hotel market in Barbados appears to be stabilising after several challenging years, and we have a strong pipeline of bookings for the remainder of the financial year.
The Group's advance bookings for the next fiscal year (2018/19) are currently higher than at the same time in the comparative period.

The Group's property portfolio was recently valued by CBRE at $249.5 million as at 1 January 2018. As at 31 March 2018, this equates to an implied net asset value (NAV) of approximately $177.2 million (199 cents, or 143 pence, per share.

[dyor nai] 08/5/2018 18:46

Any idea what caused today's rise? Election related maybe?

[lbo] 27/4/2018 15:55

An election has been called on May 24th in Barbados. The next government voted in will then be left calling in the IMF to sort out the country's finances

[lbo] 25/4/2018 10:16

Chief executive officer of the Barbados Hotel and Tourism Association, Rudy Grant, said yesterday while it was still collecting information from membership, the Travel Research Report showed hotel occupancies were "flat"but the operator of three hotel properties on the South Coast said problems with the sewage system had made it a "devastating" and "costly" winter for two of those properties.

[cmackay] 23/4/2018 20:32

Figures will inevitably take a hit due to the health warning issued.

[boonkoh] 23/4/2018 20:12

Still a while yet to results (15th May) , but this share keeps drifting...

[lbo] 13/4/2018 13:13

https://www.ttgmedia.com/news/new-agent-incentives-from-sandals-13821Sandals and Beaches Resorts are also reintroducing their trade cash incentive for UK travel agents, applicable on all qualifying bookings made between March 27 and April 20.Agents can earn from £10-£20 per booking (dependent on room category booked) and can claim by registering their booking details with their BDM.It comes after Sandals' recent launch of Sandals Royal Barbados in December and Sandals' fourth St Lucia resort breaking ground this spring

[lbo] 21/3/2018 07:58

Turtle Beach is a premium all-inclusive, all-suite hotel located on the south coast of Barbados

[cmackay] 20/3/2018 21:55

Yes that is true, it's south west. I am probably wrong to say it won't affect EHG. The rest of the hotels are west coast though.

On another topic, do you know how USD weakness will affect the balance sheet? I don't know what currency they report in, so I'm not sure if it's good or bad.

[lbo] 20/3/2018 21:03

The Elegant hotels property called Turtle Beach is on the South coast. In the 2017 Annual report it accounted for 161 rooms and $13.1m in revenues